| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Berwick Rangers | 8 | 7 | 0 | 1 | 4 | 1 | 14 | 6 | +8 | 21 | 2.63 |
| 2 | East Fife | 8 | 6 | 0 | 2 | 5 | 1 | 9 | 5 | +4 | 18 | 2.25 |
| 3 | Queen's Park | 8 | 5 | 1 | 2 | 5 | 2 | 9 | 6 | +3 | 16 | 2.00 |
| 4 | Dumbarton | 8 | 3 | 1 | 4 | 3 | 3 | 7 | 9 | -2 | 10 | 1.25 |
| 5 | Stenhousemuir | 10 | 4 | 0 | 6 | 2 | 1 | 18 | 17 | +1 | 12 | 1.20 |
| 6 | Arbroath | 8 | 2 | 3 | 3 | 3 | 2 | 7 | 9 | -2 | 9 | 1.13 |
| 7 | Albion Rovers | 10 | 2 | 1 | 7 | 0 | 6 | 6 | 16 | -10 | 7 | 0.70 |
| 8 | Montrose | 10 | 1 | 2 | 7 | 1 | 6 | 6 | 19 | -13 | 5 | 0.50 |
| 9 | Elgin City | 10 | 1 | 0 | 9 | 0 | 5 | 7 | 21 | -14 | 3 | 0.30 |
| 10 | East Stirlingshire | 10 | 1 | 0 | 9 | 0 | 7 | 4 | 27 | -23 | 3 | 0.30 |
3 points for a win
Points per game, average goal difference then average goals scored applies
Points per game, average goal difference then average goals scored applies
